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Vocodia Holdings Corp. (VHAI) is a forward-thinking AI software company dedicated to creating practical AI functions tailored for business applications. The company's solutions are hosted on cloud-based platforms, providing cost-effective and scalable multi-agent enterprise solutions. Vocodia's core offering includes Digital Intelligent Sales Agents (DISAs), which are designed to mimic human interaction through advanced conversational AI. These agents help businesses enhance customer service and sales operations by reducing human labor costs while maintaining high-quality, purposeful communication.
As of February 26, 2024, Vocodia successfully closed its underwritten initial public offering (IPO) of 1,400,000 Units, each comprising one share of common stock, one Series A Warrant, and one Series B Warrant. This IPO generated gross proceeds exceeding $5.5 million, with expectations of an additional $400,000 in proceeds. The company's stocks and warrants began trading on the BZX Exchange under the symbols 'VHAI,' 'VHAI+A,' and 'VHAI+B' respectively.
Vocodia plans to utilize the funds raised for acquiring new technologies, building improved switches, and expanding its product offerings across digital channels. The company also aims to invest in sales, marketing, and general corporate purposes to bolster its market position.
In terms of partnerships, Alexander Capital, L.P. acted as the sole book-running manager for the IPO, while Sichenzia Ross Ference Carmel LLP served as legal counsel to the company. Sullivan & Worcester LLP provided counsel to the underwriters, ensuring a smooth and compliant offering process.
Vocodia's AI-driven solutions are pivotal in transforming how businesses handle customer interactions and sales. By leveraging cutting-edge technology, the company aims to set a new standard in conversational AI, making advanced functionalities accessible to a broader range of businesses.
Vocodia Holdings (OTCMKTS: VHAI) has announced its entry into the medical alert industry with the launch of an emergency response pendant. The wearable device provides 24/7 emergency support with one-button activation, targeting seniors, individuals with medical conditions, and those seeking additional security. The pendant connects users directly to assistance during emergencies. CEO Brian Podolak expressed enthusiasm about leveraging the company's AI and communications expertise in this new venture, anticipating significant user adoption nationwide.
Vocodia Holdings Corp (OTCMKTS: VHAI) has filed a provisional patent (US 2024/0340375 A1) for an AI-powered telephony solution that automates conversations between machines and humans. The system uses artificial intelligence and natural language processing to manage real-time interactions, responding in under 10 milliseconds.
Key features include AI-driven call management, middleware for efficient data processing, real-time call logging, and omnichannel capabilities. Vocodia is already in discussions with a potential partner to license and monetize this technology.
CEO Brian Podolak stated that this advancement positions Vocodia to replace human agents in sales and customer service with AI that delivers fast, natural responses. The platform aims to streamline customer interactions and reduce operational costs for businesses.
Vocodia (OTCMKTS: VHAI), an AI innovator in communications and business automation, has addressed the recent decline in its stock price. CEO Brian Podolak stated that the company's market cap has dropped from $35 million at IPO to $2 million, but emphasized this doesn't reflect the strength of their technology. Vocodia has invested over $15 million in developing and deploying its AI technology.
The company is consulting with legal counsel and investment bankers to restructure remaining warrants and improve its capital structure. Vocodia is also pursuing strategic partnerships and joint ventures to increase shareholder value in the near term. These collaborations aim to leverage Vocodia's products with other AI platforms for future growth. The company expects to release updates on these initiatives in the coming weeks.
Vocodia (OTCMKTS: VHAI) has announced two significant developments. Firstly, the company appointed John Tabacco, a renowned cable TV host, fintech innovator, and political strategist, as the Chairman of Political and Media. Tabacco will lead Vocodia's efforts to monetize the intersection of politics, digital media, and AI technology.
Secondly, Vocodia has secured its first major customer, who has committed to a $2.4 million budget over the next 12 months for Vocodia's AI-driven solutions. This comes after successful pilot testing and market analysis. Tabacco expressed confidence in Vocodia's platform and its potential to innovate, disrupt, and create substantial shareholder value. His compensation is heavily tied to Vocodia's success, with a significant portion linked to a $1 strike price.
Vocodia Holdings (OTC PINK: VHAI) has appointed John Tabacco as Chairman of Political and Media. Tabacco, a nationally recognized cable TV host, fintech innovator, and political strategist, will lead Vocodia's efforts to monetize the convergence of politics, digital media, and AI technology. His role involves leveraging Vocodia's AI platform for innovative solutions in political fundraising, media outreach, and advertising.
Tabacco's extensive experience in fintech, blockchain, and political media positions him to drive growth and innovation at Vocodia. The company has recently completed successful pilot testing and market analysis, resulting in the acquisition of its first major customer, which has committed to spending $2.4 million over the next 12 months on Vocodia's AI-driven solutions.
Vocodia Holdings Corp. (OTC: VHAI), an AI software company, has provided a corporate update and strategic path forward. Key highlights include:
- Reduced monthly cash burn rate from over $1 million to less than $300,000
- Converting pilot programs into long-term, contracted revenue streams
- Steady revenue growth and improved customer adoption
- Aiming for break-even by end of Q4 2024, with profitability to follow
- Continuing innovation in conversational AI and digital intelligent sales agents (DISA)
- Transition to OTCQB Market as a step towards NASDAQ uplisting
CEO Brian Podolak expressed confidence in the company's progress and future potential in reshaping industries through AI solutions.
Vocodia Holdings Corp., an AI software company, has received a delisting notification from Cboe BZX Exchange. The company's Common Stock (VHAI) and Warrants will be suspended after September 10, 2024. Vocodia does not plan to appeal and will pursue a listing on the OTCQB, which aligns with their strategic goals. CEO Brian Podolak views this as an opportunity to focus on sustainable growth and delivering value to shareholders and clients. The company expects to start trading on the OTC Markets Group platform on September 11, 2024, under the symbol 'VHAI'. Despite the delisting, Vocodia will continue to be SEC-registered and maintain its reporting obligations.
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